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February 2, 2009

The clock ticks on the Atlantic Yards litigation, but reports of project's death "greatly exaggerated" (as per DDDB)

Atlantic Yards Report

Though Brooklynites have been on the Atlantic Yards Deathwatch for a few months, Develop Don't Destroy Brooklyn is cautiously reminding supporters that Bruce Ratner's highly subsidized eminent-domain-abusing arena and high rise project is not dead yet.

However, even the more guarded Norman Oder of Atlantic Yards Report has revised the odds that the arena will be built closer to 50-50.

But what about NJ Nets CEO Brett Yormark?

New Jersey Nets CEO Brett Yormark, in a 12/2/08 interview, promised groundbreaking for the arena in 2009, based on the following schedule:

I would say 2009 is the year. I say that for lots of different reasons. We've got really one piece of major litigation that remains... the eminent domain case. There will be a hearing in January, hopefully a favorable decision by the end of March...

Oder explains in today's article that the above timeline has already slipped.

Posted by lumi at February 2, 2009 5:00 AM